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I’ve seen some “experts” claim gold will go to between $8,000 & 12,000/ounce. I think one even claimed $20,000/ounce.

How many of those "experts" then immediately offer to sell you some of their gold?

12 posted on 04/30/2020 5:06:41 AM PDT by KarlInOhio (Parachutes are only anecdotally effective due to the lack of significant double blind testing.)

I’ve seen some “experts” claim gold will go to between $8,000 & 12,000/ounce. I think one even claimed $20,000/ounce.

How many of those "experts" then immediately offer to sell you some of their gold?

Nobody has a crystal ball, but your logic here is completely flawed. Coin dealers who sell bullion make their money on the "spread" or the difference in bid/ask. They don't care if the price is going up or down. They might try to stay "neutral." That is they will make a corresponding purchase or sale from their dealer when they buy or sell to offset their risk. They normally might make $30 or $40 on the sale of a single gold bullion coin.

31 posted on 04/30/2020 10:29:45 AM PDT by WaltStuart (Lord, God, please protect President Trump, family, Q-Team et al 1,000%)